Licensees do not have a duty to conduct an independent investigation of the customer's or client's financial condition and do not have a duty to independently verify the accuracy or completeness of financial statements made by the customer or client or any independent inspector, auditor, or lender, but if the licensee has actual knowledge of false financial information, the licensee shall advise the party to correct it and shall not pass on the information known to be false.
Structure Delaware Code
Title 24 - Professions and Occupations
Chapter 29. REAL ESTATE SERVICES, BROKERS, ASSOCIATE BROKERS AND SALESPERSONS
Subchapter II. Business Relationships
§ 2927. Certain psychological impacts not material facts.
§ 2928. Internet and World Wide Web.
§ 2929. Financial information.
§ 2931. Competitive market analysis (“CMA”).
§ 2934. Commencement and termination of duties.
§ 2936. Broker, associate broker and salesperson as a statutory agent.
§ 2937. Vicarious liability; protections when working with a statutory agent.
§ 2938. Consumer information statement; confidentiality.
§ 2939. Limitations on local business licensing requirements, fees and taxes.